Orlando, FL -- (SBWIRE) -- 08/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Alpha Natural Resources, Inc. (NYSE:ANR), MGIC Investment Corp.(NYSE:MTG).
Alpha Natural Resources, Inc. (NYSE:ANR) shares decreased 0.16% to $6.11. The company on August 28 announced topline results from the ongoing phase 2 of SGI-110 in patients with AML and MDS. The Phase 2 study is a randomized study of SGI-110 given either as 60 or 90 mg/m2 daily for 5 days in a 28-day course. As of end of June data cutoff, 67 AML patients had a minimum follow up of 3 months (50 patients representing the complete cohort of relapsed/refractory AML, and 17 patients in the treatment-naive elderly AML not suitable for induction chemotherapy cohort). The primary endpoint is overall remission rate (Complete Remission or CR; Complete Remission with Incomplete hematologic recovery or CRi/CRp).
Additionally, the company on August 2 reported a loss of 59 cents per share for the second quarter of 2013, narrower than the Consensus Estimate of a loss of 60 cents. The company's GAAP loss was 84 cents per share versus earnings of $10.14 per share a year ago. The company’s total revenues was $1,335.1 million in the second quarter were higher than the Consensus Estimate by $91.1 million.
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MGIC Investment Corp.(NYSE:MTG) shares increased 2.55% to $7.23. The company on July 23 reported net income for the quarter ended June 30, 2013 of $12.4 million, compared with a net loss of $273.9 million for the same quarter a year ago. Diluted earnings per share was $0.04 for the quarter ending June 30, 2013, compared to diluted loss per share of $1.36 for the same quarter a year ago. The net loss for the first six months of 2013 was $60.6 million, compared with a net loss of $293.4 million for the same period last year.
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